Financial news: On December 18, 2025, the Moscow Small Business Lending Assistance Fund will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is 18.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 111,000,000. Placement period, days – 122. Date of depositing funds is 19.12.2025. Date of return of funds is 20.04.2026. Minimum placement interest rate, % per annum is 15.6. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 111,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open). Basis of the Agreement is the General Agreement. Schedule (Moscow time). Applications in preliminary mode from 15:10 to 15:20. Applications in competition mode from 15:20 to 15:25. Setting the cutoff interest rate or declaring the auction invalid before 15:40. Additional terms – Placement of funds with the option of early withdrawal of the entire deposit amount and payment of accrued interest on the deposit amount at the rate established by the deposit transaction, in the event of the Bank's non-compliance with the requirements set forth in paragraph 2.1. of the Regulation "On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits (deposits) under the GDS" (as amended on the date of the deposit transaction), early withdrawal at the "on demand" rate, interest payment monthly, on the last business day of the month, without replenishment.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

December 17, 2025 Super prices on sea cruises: April – October 2026 “Catch the Wave” promotion: Mediterranean Sea, Japan and South Korea on cruises on MSC Cruises ships.

Translation. Region: Russian Federation –

Source: Infoflot Cruise Center – Infoflot Cruise Center –

An important disclaimer is at the bottom of this article.

Dear friends,

From December 10, 2025 to March 31, 2026, book cruises on MSC Cruises ships at great prices – from €733 per person.

Sailing regions: Mediterranean Sea and Asia.

The cruise price includes: accommodation in a comfortable cabin, buffet meals and drinks, an entertainment program for the whole family, and workouts in the onboard fitness centers.

Terms of the "Catch the Wave" promotion:

A prepayment of €50 per person is required to book; this offer is only valid for new bookings from December 10, 2025 to March 31, 2026. This offer is compatible with MSC Voyagers Club discounts. The cruise line reserves the right to terminate this offer early.

Please note; this information is raw content obtained directly from the information source. It is an accurate account of what the source claims, and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: 12/18/2025, 12:59 (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for the security RU000A109DY9 (Rosnft4P2) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 18, 2025

12:59

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 18.12.2025, 12-59 (Moscow time), the values of the upper limit of the price corridor (up to 107.93) and the range of market risk assessment (up to 13098.79 rubles, equivalent to a rate of 12.5%) of the security RU000A109DY9 (Rosnft4P2) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial News: Updated requirements for the RegNum field when registering clients and funds.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

From December 22, 2025, additional requirements will be introduced for the RegNum (registration number) field when registering clients through the Personal Account and via the Web API.

The essence of the changes:

The RegNum field cannot contain only zeros. The value must contain at least one significant character—a digit from 1 to 9 and/or a letter. The characters “_” or “-” are allowed, but without significant characters, they are also considered zero. This prevents the registration of invalid identifiers.

What will change:

In the Personal Account (Client Registration section): when entering a RegNum consisting only of zeros, the system will display the error: "Allowed characters are letters, numbers, hyphens, and underscores. The registration number cannot be zero." In the Web API: when submitting an invalid RegNum, the ERC response will contain the error: "The value specified for the RegNum field (Registration number of the mutual investment fund trust management rules assigned by the Bank of Russia) is invalid."

Testing:

You can test the changes in a test environment:http://play-apim.moex.com/.

The XSD schema for validation is available at the following link:http://ftp.moex.com/pub/KlintsAPI/WebAPI/ClientRegistration/test/.

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Dmitry Grigorenko: The digital model improves the efficiency of public administration.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

From February 10 to 13, 2026, the first International Congress of Public Administration will be held at the Presidential Academy in Moscow. Its mission is to become a center for developing best practices, identifying key development vectors, and identifying practical challenges to improve the quality of public administration.

The congress will bring together over 1,200 participants, including heads of key departments within the Russian Presidential Administration and Government, heads of regions and municipalities, members of parliament, top managers of state corporations and major Russian business companies, international management experts, public figures, representatives of the scientific and expert community, and youth leaders.

The event is organized by the Presidential Academy with the support of the Government and the Presidential Executive Office of Russia. The Roscongress Foundation is the event's partner.

"In today's world, where we are surrounded by vast amounts of information, effective governance can only be built using digital technologies. They enable faster data processing and better decision-making. Today, the Government is implementing a digital governance model that enables consistent improvements in the implementation of Presidential instructions, state programs, and national projects. This means building roads on time, opening new schools and hospitals. The Congress is a unique platform for sharing experiences, receiving feedback, and demonstrating the most effective public administration technologies for various branches and levels of government," noted Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko.

The congress program will be structured around six thematic areas covering key aspects of modern public administration: development of the state civil service, digitalization of public administration, regional and municipal practices, regulatory policy as a tool for reducing the administrative burden on business, the state for the people, and strategic management of priorities. Within these areas, discussions will cover both systemic issues of public administration reform and specific management solutions and models that have proven effective at the federal, regional, and municipal levels.

The key objectives of the congress include developing practical mechanisms for strengthening cooperation between government, business, and science, as well as synchronizing work within the vertical chain of command—from the heads of federal ministries to municipal-level specialists. Adviser to the President of Russia Anton Kobyakov emphasized: "Today, more than ever, it is important to unite the efforts of government, the expert community, and business at all levels, to coordinate common actions to strengthen and scale up best existing practices. And, of course, to develop new approaches to managing the country's development. The congress will be a unique platform where professional dialogue will translate into real proposals and new ideas."

A distinctive feature of the congress will be its practical focus: approximately 30% of the program will be educational interactive formats, including business games on management decision-making, strategic sessions, and case studies from real-life management practices. The congress sessions themselves will be structured not only by thematic focus but also by three cross-cutting themes: strategizing (improving the effectiveness of goal-setting and developing long-term priorities), implementation (developing and consolidating positions between public authorities to expedite decision-making), and dissemination (replicating achievements and modernizing public feedback mechanisms).

Special attention will be paid to young people within a dedicated thematic track. According to Alexey Komissarov, Rector of the Presidential Academy, the upcoming event is largely aimed at addressing personnel issues and discussing the principles of professional growth in general. "We are looking forward to a relevant discussion of the challenges facing the public administration system in the near future. We plan to discuss the key principles of training a new generation of specialists, those who will assume responsibility for the country's future," he noted.

The event aims to become the primary annual platform for professional dialogue, exchange of experience, and training for managers, businesses, and experts focused on achieving specific, measurable results.

More details on the congress website: http://congress-gov.ru.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Nordwind Airlines and Kazan Airport held a pre-New Year's excursion for children from an orphanage.

Translation. Region: Russian Federation –

Source: Nordwind Airlines –

An important disclaimer is at the bottom of this article.

Kazan International Airport and Nordwind Airlines continue to successfully introduce the younger generation to the exciting world of aviation: on the eve of the New Year, children from the Privolzhsky District Orphanage in Kazan participated in a unique career-oriented tour of the airport and the airline's aircraft.

On December 17, the meeting began with a tour of the terminals. The students learned about the development of civil aviation in the Republic of Tatarstan and the rich history of Kazan's air gateway.

The young aviators then checked in for their flight and went to pre-flight security, where they were shown how screening equipment works to search for explosive devices and weapons—each one had the chance to try their hand at being a security inspector.

Ahead of the tour, an Airbus A321 passenger jet and the Nordwind Airlines crew awaited the participants. They were given an introduction to the intricacies of piloting an aircraft and providing onboard service. The children also had the chance to experience being pilots: explore the cockpit, sit at the controls, and take photos with the captain.

"Aviation isn't just a job. It's a calling. We're thrilled to be involved in organizing social projects like these, and we hope that children, by becoming more familiar with the world of aviation, might take an important step toward choosing their future career," commented Olga Vavrishchuk, press secretary for Nordwind Airlines.

"By exposing children to the complex and unusual structure and working environment of a major airport, we provide the younger generation with a unique opportunity to gain new knowledge and insights into the world around them, as well as a boost for career guidance. It's especially gratifying to conduct such a tour on the eve of the New Year holidays, as today we've managed to fulfill more than one child's dream," commented Adel Gataullin, head of the press service at Kazan Airport.

The event was held with the participation of the Guardians of Childhood Foundation for the Support of Families and Children.

Nordwind Airlines is the base airline of Kazan Airport, is one of the largest airlines in Russia by passenger turnover and has an extensive route network of scheduled flights across the country.

Kazan International Airport is a socially oriented company. The company participates in a number of charitable projects. It collaborates with charitable foundations and provides financial and organizational support.

Please note; this information is raw content obtained directly from the information source. It is an accurate account of what the source claims, and does not necessarily reflect the position of MIL-OSI or its clients.

The government has extended a number of measures to support businesses in border regions.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Document

Resolution of December 17, 2025 No. 2046

The government will continue to provide support to affected organizations and individual entrepreneurs in the Belgorod, Bryansk, and Kursk regions in 2026. A resolution has been signed introducing the necessary amendments to the state program "Economic Development and Innovative Economy."

This involves providing subsidies to organizations and entrepreneurs to restore and maintain operations, and concessional loans to small and medium-sized businesses for working capital and investment purposes. These loans are available for up to 50 million rubles and have terms of up to six years.

The funds will be allocated to the regions as part of the federal project "Special Short-Term Support Measures for Small and Medium-Sized Entrepreneurs." The 2026 federal budget allocates approximately 4.5 billion rubles for this purpose.

The signed document amends Government Resolution No. 316 of April 15, 2014.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Dmitry Grigorenko: The government is becoming a key platform for addressing the issue of regulating artificial intelligence.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

A meeting on the regulation of artificial intelligence technology was held at the Government Coordination Centre, chaired by Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko. Representatives from the government, business, and industry associations participated. The meeting discussed various legislative initiatives aimed at regulating AI and the risks of adopting or rejecting certain proposals.

The need to codify key standards regarding the use of AI in specific areas (AI quality and safety, AI training datasets, liability for AI errors, the use of Russian and foreign AI models, etc.) and related issues were discussed. Among these issues, the following were raised: is it necessary to introduce the concept of AI and define the liability of developers and users of this technology at the legislative level? Is it necessary to define the areas in which the use of AI is or is not permitted? Is it necessary to introduce regulatory requirements for AI systems and their quality assurance by the state? In what areas is the use of sovereign Russian AI critical, and is the use of foreign models permissible for certain tasks?

Dmitry Grigorenko noted the importance of moving from developing disparate proposals to developing a unified approach and a systemic set of measures. Following the meeting, the Deputy Prime Minister instructed organizations and interested participants to submit proposals for AI regulation to the Ministry of Digital Development by January 20. The submitted proposals will be analyzed by the Ministry of Digital Development and the Analytical Center under the Government by the end of February. Following the evaluation, the Ministry of Digital Development will submit proposals for technology regulation to the Government by March 13, 2026.

"Our task in regulating artificial intelligence is to find a balance. On the one hand, it's important to ensure the safety of citizens and prevent potential risks from the use of AI. For example, cases where AI could be used to commit a crime. On the other hand, regulation shouldn't hinder the development of innovation. Overly strict regulations could slow the pace of AI adoption, and we recognize this risk. To ensure that IT companies in Russia can continue to develop cutting-edge technologies, including AI, it's important to maintain a favorable environment for them. We should act selectively and gradually: introduce regulations where the cost of AI error is too high, while maintaining freedom for technological development," said Dmitry Grigorenko.

The Deputy Prime Minister also emphasized that introducing regulations for the use of AI is a pressing issue currently being discussed globally. Countries' approaches to regulating the technology vary. Some countries (e.g., Kazakhstan) are pursuing a comprehensive AI law that details the requirements for the technology, defines the responsibilities of developers and users, and regulates its use in certain areas. Other countries (e.g., China) are introducing targeted requirements, such as those for the quality and security of systems and applying certification for AI solutions, but are not restricting the use of AI. However, a general trend is emerging: the development of this technology is no longer ignored by governments.

The meeting on AI regulation, chaired by Dmitry Grigorenko, is essentially becoming the starting point for a comprehensive discussion on AI regulation. Notably, the process involves not only government agencies but also leading Russian IT companies. During the discussion, business representatives also presented reports and shared their opinions on specific proposals for regulating the technology.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

China has begun issuing general export licenses for rare earth element-related products, according to the Ministry of Commerce.

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

BEIJING, Dec. 18 (Xinhua) — China's Ministry of Commerce said Thursday it has received and approved applications from some Chinese exporters for general export licenses for rare earth element-related items.

The agency's official representative, He Yadong, made the corresponding statement at a regular press conference when he was asked to confirm information that China had begun issuing longer-term rare earth element export licenses.

He Yadong noted that since the introduction of export controls on rare earth element-related items, China's competent authorities have organized briefings for domestic exporters to keep them informed of the policy.

As exporters gain experience exporting and operating under the new rule, some have reached a level where they meet the basic requirements to apply for general licenses, the official said. -0-

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

The economies of seven Eurasian countries will grow by 2.3 percent in 2026, according to the EDB.

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

Almaty, December 18 /Xinhua/ — The economies of seven Eurasian countries will grow by 2.3 percent in 2026, according to the Eurasian Development Bank's (EDB) macroeconomic forecast for 2026-2028, published Thursday at a press conference.

According to the forecast, among the seven countries that are also members of the bank, Kyrgyzstan will be the leader in terms of gross domestic product (GDP) growth in 2026 – 9.3%.

The bank's report says inflation in the region will continue to slow to 6.4 percent in 2026 thanks to prudent monetary policy.

Commodity markets will move in mixed directions: oil prices will fall slightly, while metals and gold will remain high. The dollar is gradually losing its share of central bank reserves, but its role in settlements remains stable, according to EDB analysts.

The countries of Central Asia are demonstrating the highest growth rates in decades—EDB analysts expect growth of 6.6 percent in the region by the end of 2025 and approximately 6.1 percent in 2026. The combined GDP of these countries will exceed USD 600 billion thanks to active investment and strong consumer demand.

The global economy is projected to grow at a slightly slower pace than in 2024-2025 and gradually adjust to new trade restrictions.

The Eurasian Development Bank (EDB) is an international multilateral financial institution founded in 2006 and headquartered in Almaty. Its mission is to promote economic growth in its member countries, which include Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan, as well as expand trade and economic ties between them and develop integration processes in the Eurasian region through investment activities.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.